A statement released earlier today by CLSA about The Bank Of New York Mellon Corporation (NYSE:BK) bumps the target price to $47.00
- Updated: September 23, 2016
CLSA bumped up the target of The Bank Of New York Mellon Corporation (NYSE:BK) to $47.00 stating a potential upside of 0.16%.
On Friday September 09, 2016, Deutsche Bank released a statement for The Bank Of New York Mellon Corporation (NYSE:BK) bumped up the target price from $50.00 to $51.00 that suggested an upside of 0.23%.
Boasting a price of $40.45, The Bank Of New York Mellon Corporation (NYSE:BK) traded 0.07% higher on the day. With the last stock price close up 2.07% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The Bank Of New York Mellon Corporation has recorded a 50-day average of $40.59 and a two hundred day average of $39.56. Volume of trade was down over the average, with 1,083,384 shares of BK changing hands under the typical 4,755,960
With a total market value of $0, The Bank Of New York Mellon Corporation has price-earnings ratio of 14.48 with a one year low of $32.20 and a one year high of $44.73 .
A total of 19 equity analysts have released a ratings update on BK. Four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $44.39.
Brief Synopsis About The Bank Of New York Mellon Corporation (NYSE:BK)
The Bank of New York Mellon Corporation (BNY Mellon) is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead. The Company has over $1.6 trillion in assets under management. BNY Mellon's subsidiaries include The Bank of New York Mellon and BNY Mellon, National Association (BNY Mellon, N.A.). The Bank of New York Mellon is a New York state-chartered bank, which houses its Investment Services businesses, including Asset Servicing, Issuer Services, Treasury Services, Broker-Dealer and Advisor Services, as well as the bank-advised business of Asset Management.
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